Stifel (NYSE: SF) president exercises stock units, sells SF shares

Rhea-AI Filing Summary

Stifel Financial Corp President James M. Zemlyak reported several equity transactions in company stock. On January 30, 2026, 5,644 phantom stock units were exercised into 5,644 shares of common stock at an exercise price of $0, increasing his direct holdings.

On the same date, 2,487 common shares were disposed of at $126.24 in a transaction coded "F", typically used for tax withholding, leaving 1,153,133 directly held shares. Separately, an account reported as held "By Son" sold 9 shares at $123.90, with 7,072 shares remaining indirectly owned through the son and 421 shares indirectly owned "By Wife". After the transactions, Zemlyak also held 55,140 phantom stock units, which are currently exercisable with no expiration date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ZEMLYAK JAMES M

(Last) (First) (Middle)

501 NORTH BROADWAY

(Street)

ST. LOUIS MO 63102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STIFEL FINANCIAL CORP [ SF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/29/2026		S		9	D	$123.9	7,072	I	By Son
Common Stock	01/30/2026		M		5,644	A	$0	1,155,620	D
Common Stock	01/30/2026		F		2,487	D	$126.24	1,153,133	D
Common Stock								421	I	By Wife

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	$0	01/30/2026		M			5,644	(1)	(2)	Common Stock	5,644	$0	55,140	D

Explanation of Responses:

1. Currently exercisable.

2. No expiration date for these Units

	/s/ James Zemlyak	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did SF President James Zemlyak report?

James M. Zemlyak reported exercising 5,644 phantom stock units into common shares and selling 2,487 common shares on January 30, 2026. He also reported a small sale of 9 indirectly held shares in an account listed as "By Son."

How many Stifel Financial (SF) shares does James Zemlyak own after these trades?

After the reported transactions, James M. Zemlyak directly owns 1,153,133 SF common shares. He also indirectly owns 7,072 shares through an account listed "By Son" and 421 shares "By Wife," plus 55,140 phantom stock units that remain outstanding.

What prices were involved in James Zemlyak’s SF stock transactions?

On January 30, 2026, 2,487 SF common shares were disposed of at $126.24 per share in a transaction coded "F." On January 29, 2026, 9 indirectly held shares in an account "By Son" were sold at $123.90 per share.

What are the details of the phantom stock units held by SF’s president?

James M. Zemlyak exercised 5,644 phantom stock units at an exercise price of $0 into 5,644 SF common shares. Following this, he still holds 55,140 phantom stock units, which are currently exercisable and have no expiration date according to the filing footnotes.

How are James Zemlyak’s indirect SF share holdings structured?

The filing shows indirect ownership of 7,072 SF common shares in an account described as "By Son" after a 9-share sale, and 421 SF common shares in an account described as "By Wife." These are reported as indirect beneficial holdings linked to family accounts.

What do the transaction codes M, F, and S mean in this SF Form 4?

In this Form 4, code "M" records the exercise of 5,644 phantom stock units into common stock, code "F" records the sale of 2,487 shares typically related to tax withholding, and code "S" records the 9-share sale from an indirectly held account listed "By Son."